Lanka Rating Agency ("LRA"), former RAM Rating Lanka’s, technical partner is CRISIL India ("CRISIL"). CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. CRISIL is India's leading ratings agency and is also the foremost provider of high-end research to the world's largest banks and leading corporations. CRISIL's majority shareholder is Standard and Poor's ("S&P"). S&P, a part of McGraw Hill Financial (formerly The McGraw-Hill Companies) (NYSE:MHFI), is the world's foremost provider of credit ratings.
LRA has withdrawn EAP Broadcasting Company Ltd’s ("EBC" or "the Company"), respective long- and short-term corporate credit ratings of BBB and P3. Concurrently, withdrawn the BBB long-term issue rating of the Company’s proposed LKR 3 billion Listed Rated Redeemable Debentures (2015/2020) (with a sinking fund mortgaged in favor of the trustee). Both the long-term ratings were on stable outlook. The ratings have been withdrawn upon the request of the management.
LRA has withdrawn EAP Broadcasting Company Ltd’s ("EBC" or "the Company"), respective long- and short-term corporate credit ratings of BBB and P3. Concurrently, withdrawn the BBB long-term issue rating of the Company’s proposed LKR 3 billion Listed Rated Redeemable Debentures (2015/2020) (with a sinking fund mortgaged in favor of the trustee). Both the long-term ratings were on stable outlook. The ratings have been withdrawn upon the request of the management.
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